Kite Forex's website states only that Kite Forex is a trading name of Kiteforex Ltd and claims registration with the Financial Services Authority (FSA) of St. Vincent and the Grenadines.
However, our search of the SVG FSA registry found no record of Kiteforex Ltd. Even if such a registration existed, it would only indicate an International Business Company (IBC) status, not a financial or forex license, as the SVG FSA does not regulate trading activities.
Kite Forex also mentions having offices in Taiwan and Australia, yet a check of the registry of the Australian Securities & Investments Commission(ASIC) yielded no matching entity. There is no evidence of regulation by any credible authority. Therefore, Kite Forex appears to be a scam.